Occupational Lease definition

Occupational Lease means any lease, sub-lease, licence, tenancy or right to occupy or use (or any agreement for the grant of any of the foregoing) to which a Relevant Obligor’s interest in a Property may be subject from time to time or which may be granted to a Relevant Obligor.

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Occupational Lease means any agreement for lease or for licence or any occupational lease or licence to which the Property may be subject from time to time

Occupational Lease means any occupational lease or licence or other right of occupation to which the Retail Properties (or any part of the Retail Properties) and/or the ArtScience Museum (or any part of the ArtScience Museum) may be subject from time to time.

Examples of Occupational Lease in a sentence

• Each Obligor shall promptly notify the Agent in writing of the outcome of any rent review undertaken pursuant to the terms of any Occupation Lease (other than a Permitted Lease, provided that following rent review, the rent payable pursuant to the relevant Occupational Lease still makes it a Permitted Lease).

• The Principal Occupational Lease is forfeited for any reason or PropCo commences forfeiture proceedings without the prior written consent of the Agent (such consent to be in the absolute discretion of the Agent).

• The Obligors shall permit representatives of the Agent and its advisers on prior appointment to make inspections of the Properties as the Agent may require, subject to the terms of any relevant Occupational Lease.

• Subject to the terms of each Occupational Lease, at all reasonable times and upon reasonable notice being given to the Borrower, the Borrower shall procure the Lender and its agents are permitted access to the Property for any purpose relating to the Finance Documents.

• Any of the events referred to in Clauses 23.6 (Insolvency), 23.7 (Insolvency proceedings), 23.9 (Unlawfulness) or 23.10 (Repudiation) occurs in respect of any Material Tenant (as if for this purpose the relevant Occupational Lease was a Finance Document).

More Definitions of Occupational Lease

Occupational Lease means any lease pertaining to occupation of any of the Property where you are landlord, whether or not the lessee is actually in occupation.

Occupational Lease means each OpCo Lease and any other lease or licence or other right of occupation granted by the Company or right of the Company to receive rent to which a Property may at any time be subject.

Occupational Lease means any lease of all or any part of any Property entered into with the Occupational Tenant by the Borrower.

Occupational Lease means the Principal Occupational Lease and any lease, sub-lease or licence or other right of occupation to which all or any part of any Property may be subject from time to time and any supplemental documents thereto.

Occupational Lease means any Lease to which any land secured under this Deed may at any time be subject.]14

Occupational Lease means any the lease dated 16th April 2002 between Prologis (Coventry) Limited, Capita Business Services Limited as tenant and Capita Group plc as guarantor and/or any other lease, underlease, tenancy or licence to which any of the Borrower’s interests in the Property is now or in the future in reversion and such expression shall include any variation from time to time thereto and any documents from time to time supplemental thereto and “Occupational Leases” shall be construed accordingly;

Occupational Lease means any lease or licence or other right of occupation or right to receive rent to which a Property may at any time be subject and includes any guarantee of a tenant’s obligations under the same;